Update: Malwarebytes Inc. has cut 47 employees from its office in Santa Clara.
A notice sent to the California Employment Development Department revealed that the company laid off its Santa Clara-based workers on Aug. 15. The local job cuts are part of larger layoff of 125 employees, or about 14% of its global workforce, by the Santa Clara-based cybersecurity startup.
Although the company is generating positive cash flow, it made the cuts as part of a strategic reorganization, CEO Marcin Kleczynski told TechCrunch. Malwarebytes, which Kleczynski founded as a college student in 2008, is refocusing its computer security products on small business and midmarket customers, he said.
As part of that, the company plans to double down on its program of offering its products through partners such as IT consulting firms. Meanwhile, it's cutting back its in-house enterprise sales team and "recalibrating" its sales organization, Kleczynski said.
"While difficult, these changes reflect a careful realignment of our business moving forward to meet the needs of our customers and will enable the organization's long-term growth," he told Tech Crunch.
The 47 layoffs affect workers reporting to Malwarebytes' office at 3979 Freedom Circle in Santa Clara, though some of these employees work remotely from outside the state, according to the notice. The laid off workers were given 60 days of pay in lieu of advanced notice of their termination.
Company representatives didn't immediately respond to questions from the Business Journal about which of its offices would see the job cuts nor whether it was hiring for new positions connected with its revamped strategy. In addition to Santa Clara, the company has operations in Florida, Estonia, Italy and Ireland.
Malwarebytes has raised a total of $80 million in venture funding, according to PitchBook Data. It hasn't disclosed any new funding since it raised a Series B round in 2016 at a valuation of $625 million.
